These are today's mortgage and refinance rates. Mortgage rates are supposed to drop next year, but that hinges on inflation remaining low.

Thinking about taking out a mortgage loan? Current mortgage rates drop to 6.88% for 30-year terms, while 15-year terms fall to 6.13%.

See what mortgage interest rate you could qualify for here now.

These are today's mortgage and refinance rates. Mortgage rates have increased in recent months, though they should drop a bit next year.

MBA now expects mortgage rates to end 2025 at 6.4%, a 50 bps jump from its forecast in October. Forecasted origination volume dropped $200B.

It's looking less likely that homebuyers will see lower mortgage rates by the end of this year. It's hard to be thankful for today's housing market. Mortgage rates are high, prices are rising and inventory is still limited.